(CVLG) Covenant Logistics - Overview
Sector: Industrials | Industry: Trucking | Exchange: NYSE (USA) | Market Cap: 942m USD | Total Return: 75.2% in 12m
Avg Turnover: 5.88M
EPS Trend: -96.6%
Qual. Beats: 1
Rev. Trend: 65.0%
Qual. Beats: 1
Warnings
P/E ratio 415.7
Interest Coverage Ratio 1.0 is critical
Tailwinds
Supp Ema20, Rs Leader, Tailwind
Covenant Logistics Group, Inc. (CVLG) is a Tennessee-based provider of diversified transportation and logistics services. The company operates through four primary segments: Expedited, Dedicated, Managed Freight, and Warehousing. Its service model ranges from high-speed truckload deliveries with strict time windows to long-term contracted capacity and third-party brokerage services.
The company serves a broad client base including parcel freight forwarders, manufacturers, and retailers. In the cargo ground transportation sector, companies often utilize Dedicated segments to insulate themselves from spot market volatility by securing multi-year contracts with predictable pricing. Furthermore, the Expedited segment focuses on high-utilization team driving, which allows trucks to remain in motion for longer durations than standard solo-driver operations.
Investors can further analyze these segment margins and historical performance metrics on ValueRay.
- Expedited segment margins depend on team driver availability and utilization rates
- Multi-year dedicated contracts provide revenue stability during freight market volatility
- Fluctuations in diesel fuel prices and fuel surcharge recovery impact profitability
- Managed freight brokerage volumes sensitive to shifting spot market truckload rates
- Capital expenditure cycles for fleet modernization influence free cash flow and debt levels
| Net Income: 5.10m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA 14.98 > 1.0 |
| NWC/Revenue: 0.75% < 20% (prev 1.38%; Δ -0.63% < -1%) |
| CFO/TA 0.12 > 3% & CFO 117.8m > Net Income 5.10m |
| Net Debt (84.7m) to EBITDA (107.8m): 0.79 < 3 |
| Current Ratio: 1.04 > 1.5 & < 3 |
| Outstanding Shares: last quarter (26.4m) vs 12m ago -5.18% < -2% |
| Gross Margin: 12.80% > 18% (prev 0.15%; Δ 1.26k% > 0.5%) |
| Asset Turnover: 120.4% > 50% (prev 114.5%; Δ 5.92% > 0%) |
| Interest Coverage Ratio: 0.98 > 6 (EBITDA TTM 107.8m / Interest Expense TTM 13.1m) |
| A: 0.01 (Total Current Assets 211.1m - Total Current Liabilities 202.2m) / Total Assets 1.02b |
| B: 0.28 (Retained Earnings 280.9m / Total Assets 1.02b) |
| C: 0.01 (EBIT TTM 12.9m / Avg Total Assets 998.4m) |
| D: 0.46 (Book Value of Equity 281.8m / Total Liabilities 609.2m) |
| Altman-Z'' = 1.53 = BB |
| DSRI: 1.11 (Receivables 173.3m/145.1m, Revenue 1.20b/1.12b) |
| GMI: 1.17 (GM 12.80% / 15.00%) |
| AQI: 0.23 (AQ_t 0.07 / AQ_t-1 0.28) |
| SGI: 1.07 (Revenue 1.20b / 1.12b) |
| TATA: -0.11 (NI 5.10m - CFO 117.8m) / TA 1.02b) |
| Beneish M = -3.29 (Cap -4..+1) = AA |
As of May 30, 2026, the stock is trading at USD 39.70 with a total of 133,804 shares traded.
Over the past week, the price has changed by +6.23%,
over one month by +13.95%,
over three months by +35.18% and
over the past year by +75.24%.
Covenant Logistics has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy CVLG.
- StrongBuy: 3
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 35 | -11.8% |
P/E Trailing = 415.6667
P/E Forward = 23.3645
P/S = 0.7832
P/B = 2.3102
Revenue TTM = 1.20b USD
EBIT TTM = 12.9m USD
EBITDA TTM = 107.8m USD
Long Term Debt = 201.4m USD (from longTermDebt, last quarter)
Short Term Debt = 65.6m USD (from shortTermDebt, last quarter)
Debt = 330.0m USD (from shortLongTermDebtTotal, last quarter) + Leases 38.2m
Net Debt = 84.7m USD (calculated: Debt 330.0m - CCE 245.3m)
Enterprise Value = 1.03b USD (941.6m + Debt 330.0m - CCE 245.3m)
Interest Coverage Ratio = 0.98 (Ebit TTM 12.9m / Interest Expense TTM 13.1m)
EV/FCF = 7.34x (Enterprise Value 1.03b / FCF TTM 139.8m)
FCF Yield = 13.62% (FCF TTM 139.8m / Enterprise Value 1.03b)
FCF Margin = 11.63% (FCF TTM 139.8m / Revenue TTM 1.20b)
Net Margin = 0.42% (Net Income TTM 5.10m / Revenue TTM 1.20b)
Gross Margin = 12.80% ((Revenue TTM 1.20b - Cost of Revenue TTM 1.05b) / Revenue TTM)
Gross Margin QoQ = 8.41% (prev 12.49%)
Tobins Q-Ratio = 1.01 (Enterprise Value 1.03b / Total Assets 1.02b)
Interest Expense / Debt = 3.97% (Interest Expense 13.1m / Debt 330.0m)
Taxrate = 27.34% (1.66m / 6.08m)
NOPAT = 9.35m (EBIT 12.9m * (1 - 27.34%))
Current Ratio = 1.04 (Total Current Assets 211.1m / Total Current Liabilities 202.2m)
Debt / Equity = 0.81 (Debt 330.0m / totalStockholderEquity, last quarter 407.6m)
Debt / EBITDA = 0.79 (Net Debt 84.7m / EBITDA 107.8m)
Debt / FCF = 0.61 (Net Debt 84.7m / FCF TTM 139.8m)
Total Stockholder Equity = 413.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.51% (Net Income 5.10m / Total Assets 1.02b)
RoE = 1.23% (Net Income TTM 5.10m / Total Stockholder Equity 413.0m)
RoCE = 2.09% (EBIT 12.9m / Capital Employed (Equity 413.0m + L.T.Debt 201.4m))
RoIC = 1.47% (NOPAT 9.35m / Invested Capital 635.0m)
WACC = 8.48% (E(941.6m)/V(1.27b) * Re(10.44%) + D(330.0m)/V(1.27b) * Rd(3.97%) * (1-Tc(0.27)))
Discount Rate = 10.44% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -28.89 | Cagr: -1.61%
[DCF] Terminal Value 74.99% ; FCFF base≈139.8m ; Y1≈140.4m ; Y5≈148.7m
[DCF] Fair Price = 106.4 (EV 2.26b - Net Debt 84.7m = Equity 2.18b / Shares 20.5m; r=8.48% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: -96.64 | EPS CAGR: -15.14% | SUE: 0.97 | # QB: 1
Revenue Correlation: 64.96 | Revenue CAGR: 1.63% | SUE: 2.06 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.41 | Chg30d=-6.52% | Revisions=-43% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.49 | Chg30d=-3.51% | Revisions=-20% | Analysts=1
EPS current Year (2026-12-31): EPS=1.68 | Chg30d=-2.38% | Revisions=-33% | GrowthEPS=+9.5% | GrowthRev=+12.7%
EPS next Year (2027-12-31): EPS=2.62 | Chg30d=+6.00% | Revisions=+43% | GrowthEPS=+56.7% | GrowthRev=+6.9%
[Analyst] Revisions Ratio: -43%